HE Group Bhd announced that its wholly-owned subsidiary, Hexatech Engineering Sdn Bhd, has secured an RM86 million contract for the construction of a new 132kV/33kV substation project in Selangor.
The engineering and utility infrastructure group said the contract officially commenced upon acceptance of the award and is scheduled to be completed by Oct 31, 2027.
The project is expected to strengthen Hexatech Engineering’s order book and further enhance the group’s presence in the power infrastructure and utility construction sector.
HE Group said the contract is anticipated to contribute positively to the group’s earnings throughout the duration of the project, barring any unforeseen circumstances.
The company added that the contract will not have any impact on its share capital structure or the shareholdings of substantial shareholders.
Hexatech Engineering is involved in electrical engineering and utility infrastructure works, with expertise in substation, transmission and distribution-related projects.
